What is the impact of new global lease accounting rules?

What is the impact of new global lease accounting rules?

The International Accounting Standards Board (IASB) has issued proposals on how leases are to be accounted for by listed companies and others that report under International Financial Reporting Standards (IFRS).

If adopted, most major corporate occupiers will have to record their lease obligations on their balance sheet. The proposed changes will have a significant impact on both the balance sheet and the profit and loss account of occupiers and could lead to a re-appraisal of occupier leasing strategies.

RICS has worked with Deloitte to publish an overview of the impact of the proposals on corporate real estate.


Having served 16 years in the army Colin re-educated during the early 1990’s including two years at the Camborne School of Mines reading Mineral Surveying and Resource Management achieving a first class Diploma (Dip CSM). This allowed direct entry to the second year at The University of the West of England, Bristol reading Valuation and Estate Management. Training and experience was gained with Exeter City Council Estates Department and Sheperds Chartered Surveyors qualifying as a Member of the Royal Institution of Chartered Surveyors in June 2003. Colin set-up the company in May 2009 and covers the complete range of services.

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